Linde plc Ordinary Shares (LIN)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 32,607,000 | 32,273,000 | 32,937,000 | 33,237,000 | 33,292,000 | 33,587,000 | 32,468,000 | 31,582,000 | 30,594,000 | 29,518,000 | 28,675,000 | 27,486,000 | 27,002,000 | 27,013,000 | 27,360,000 | 28,187,000 | 28,392,000 | 27,128,000 | 22,988,000 | 18,737,000 |
| Total assets | US$ in thousands | 80,811,000 | 77,827,000 | 78,718,000 | 80,308,000 | 79,658,000 | 74,323,000 | 77,885,000 | 82,767,000 | 81,605,000 | 84,191,000 | 84,345,000 | 84,993,000 | 88,229,000 | 87,209,000 | 85,856,000 | 84,369,000 | 86,612,000 | 84,394,000 | 87,189,000 | 91,641,000 |
| Total asset turnover | 0.40 | 0.41 | 0.42 | 0.41 | 0.42 | 0.45 | 0.42 | 0.38 | 0.37 | 0.35 | 0.34 | 0.32 | 0.31 | 0.31 | 0.32 | 0.33 | 0.33 | 0.32 | 0.26 | 0.20 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $32,607,000K ÷ $80,811,000K
= 0.40
The total asset turnover of Linde Plc. has shown relatively stable performance over the past eight quarters, ranging from 0.38 to 0.45. This ratio indicates the company's efficiency in generating sales relative to its total assets.
The higher the total asset turnover, the better, as it signifies that the company is generating more revenue from its assets. Linde Plc. has generally maintained a total asset turnover in the range of 0.42 to 0.45, except for Q1 2022 where it dropped to 0.38.
While the trend appears stable, it would be beneficial for Linde Plc. to evaluate the factors that contributed to the variation in total asset turnover in Q1 2022 and work towards consistently improving this ratio to maximize the utilization of its assets in generating revenue.
Peer comparison
Dec 31, 2023
See also:
Linde plc Ordinary Shares Total Asset Turnover (Quarterly Data)